Experience the charm of downtown living in this exceptional second-floor condo, ideally located just one block from Market Street in the heart of historic Frederick. A spacious foyer welcomes you upon entry and leads to a private staircase that opens into a beautifully designed living space where modern finishes blend seamlessly with timeless character. The open-concept floor plan features a generous living room, spacious dining area, and a gourmet kitchen appointed with quartz countertops, stainless steel appliances, upgraded lighting, and a striking exposed brick accent wall that adds warmth and architectural appeal. The owner's suite serves as a peaceful retreat, offering views of the backyard, a spacious walk-in closet, and a spa-inspired en-suite bath complete with a double-bowl vanity and an oversized walk-in shower featuring a luxurious 16-inch rain shower head. Two additional bedrooms are situated at the front of the home, accompanied by a second full bathroom conveniently located off the main hallway. Enjoy multiple outdoor living spaces, including a private covered slate balcony, rear deck, shared patio, and expansive backyard-perfect for relaxing, entertaining, or simply enjoying the outdoors. Rounding out this exceptional property is the rare convenience of private off-street parking, a highly sought-after amenity in downtown Frederick. Perfectly positioned within walking distance of Carroll Creek, Market Street, award-winning restaurants, boutique shopping, breweries, entertainment, and year-round community events, this beautifully updated condo offers the ideal combination of historic charm, modern luxury, and an unbeatable downtown lifestyle. Adding to its appeal, this property offers exceptional flexibility for homeowners and investors alike. The unit has been operating as a highly successful Airbnb, generating $36,315.79 in annual rental income while maintaining strong year-round occupancy. Future reservations can be transferred to a new owner or cancelled to accommodate a traditional owner-occupant with a 30-day closing. Looking for even greater potential? This condo may also be purchased together with the first-floor unit at 118 W. All Saints Street (MLS #FR2083498), providing a rare opportunity to own both residences. Live in one while continuing to generate income from the other, expand your investment portfolio with two established short-term rentals, or purchase this unit on its own and enjoy everything downtown Frederick has to offer. Whether you're searching for your next home, a turnkey investment, or the opportunity to do both, this is a rare offering in one of Frederick's most desirable downtown locations.